The Australian Taxation Office is keeping a close eye on taxpayers claiming deductions they are not entitled to for rental properties,including holiday homes.
Tax agents need to ensure they are “guardians” of the tax system rather than trying to help their clients scam it,tax commissioner Chris Jordan has warned.
Australia’s tax system gives “draconian” powers to just one person – Tax Commissioner Chris Jordan.
The tax man has started undertaking"random audits"of Australian taxpayers to measure a theoretical tax gap.